S-E Asia's Tencent starting to not resemble China's Tencent at all
Fri, Oct 13, 2017 - 5:50 AM
Sea founder Forrest Li is aiming to reignite the firm's growth with its expansion in e-commerce and payments. But where Tencent is immensely profitable, Sea is immensely unprofitable - with signs that losses may grow deeper.
SINGAPORE'S Sea Ltd initially modelled itself on Chinese Internet colossus Tencent Holdings Ltd and is often called the Tencent of South-east Asia. Now that Sea has filed for an initial public offering (IPO) and given a peek at its financials, the resemblance is starting to...